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Dec 17, 2012
12/12
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fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein and i write novels. no one wants to hold up a tax cut for most people in this country so the richest people can avoid paying their fair share. it's absurd. happy to pay the additional taxes if he agrees not to spend any more than he already has. >> reporter: come on. give me a break. >> of course the rich will have to pay more. they could certainly suck it up. >> i don't know what that means. >> one party can't add and the other party are too much wooses. >> reporter: the fiscal cliff? >> there's money problems. >> please don't film me. >> republicans can't add and the democrats are woosies. i'm no
fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein...
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Dec 12, 2012
12/12
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KQEH
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. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan and didn't pay for it, i didn't hear from any people in the media complaining about that. what it tells me is that behind the corporate drive for deficit reduction is a significant effort to try to cut social security, medicare, and medicaid and other programs that working families need, not so much because of deficit reduction, because this has been the agenda of republicans and right wingers for a very long time. >> so how do you see this fiscal debate playing out in the next couple of weeks? >> we have, those of us who say that deficit reduction is a serious issue, i believe it is. but believe very strongly that at a time when we have the
. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan...
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Nov 14, 2012
11/12
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FBC
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at least the lou: fiscal cliff, fiscal cliff. you think we will be able to get a solution, these things, the president will stand up and leave in the two partiesill come together, embrace higher taxes and less spending? >> yes, i do. i really beliive in this country. labeling the country the brightest spot in the world two weeks ago. something has to be done, this is his moment to leave. >> i hope you are right. lou: do you agree or just hoping? >> i am in the hoping cegory. i have not seen any indication in that, any indication of embracing. neil: saying republicans ought to go along with the taxes for a few millionaires and take obama's offer. just talking with friend and our cocolleague fred barnes yesterd. i have not heard the offer from the obama administration, have you? >> no, but you don'bet against yourself. it is up to the president to lead, he has a do over now. there is a lot of doubt out there. it is up to president bush's offer on the table. if he acts in good faith the republicans have returned the good faith. the
at least the lou: fiscal cliff, fiscal cliff. you think we will be able to get a solution, these things, the president will stand up and leave in the two partiesill come together, embrace higher taxes and less spending? >> yes, i do. i really beliive in this country. labeling the country the brightest spot in the world two weeks ago. something has to be done, this is his moment to leave. >> i hope you are right. lou: do you agree or just hoping? >> i am in the hoping cegory. i...
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. >> the fiscal cliff is fast approaching. >> the fiscal cliff is looming. >> the fiscal cliff it's looming, owe oh, yeah. >> stephen: oh, yeah, the fiscal cliff not to be confuse withed with the financial glory hole. unless congress comes up with a deficit reduction deal on january 1 there will be a trillion dollars in automatic spending cuts and the bush tax cuts expire which the congressional budget office says together could cause another recession. our only hope is that democrats and republicans in congress work together to find a compromise on tax cuts. in other words, we're all going to die. [ laughter ] now last week the democrats made the first move until this game fiscal chicken. >> the democratically-controlled senate passed a democratic bill renewing the tax cuts but only for people earning less than $250,000. >> the senate has approved a democratic tax plan that includes higher rates for high earners. >> stephen: wait, a second did they say the democrats passed a democratic plan? that can't be right. wait a second is this some kind of dream? let me check my totem. hold on one s
. >> the fiscal cliff is fast approaching. >> the fiscal cliff is looming. >> the fiscal cliff it's looming, owe oh, yeah. >> stephen: oh, yeah, the fiscal cliff not to be confuse withed with the financial glory hole. unless congress comes up with a deficit reduction deal on january 1 there will be a trillion dollars in automatic spending cuts and the bush tax cuts expire which the congressional budget office says together could cause another recession. our only hope is...
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Dec 1, 2012
12/12
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CNNW
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the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> democrats shot back. >> they are not only blaming her for this intelligence report, they are trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house could i write a book. >> or make an internet video. >> not be a true god-fearing person and be on a television show like that. >> that's actor angus t. jones, the "two and a half men" star caught slamming his own tv show. >> if you watch "two and a half men," please don't watch "two a
the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >>...
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Dec 30, 2012
12/12
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CSPAN2
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and they get together, and they chant fiscal cliff, fiscal cliff, fiscal cliff. and if you're an intelligence politician and you walk out to do a press conference and you say what i just said to you -- which is the fiscal cliff is a fantasy, it is an excuse to panic, it's a device to get all of us running down the road so we accept whatever obama wants because otherwise we have failed the fiscal cliff, and how can you be a patriot if you don't do what the fiscal cliff requires? and the fiscal cliff will tell us one afternoon much like the land of oz where there will be this person hiding behind the machine who will say raise taxes now. and if you don't raise taxes now, you'll have violated the fiscal cliff. now, do any of you want to be the person who stands up and destroys america by violating the fiscal cliff? do you want to explain that you are so out of touch of life that you don't care america's going to die late on thursday? [laughter] it's all right if that's the kind of person you are, because we just need to know it now because we're never going to sched
and they get together, and they chant fiscal cliff, fiscal cliff, fiscal cliff. and if you're an intelligence politician and you walk out to do a press conference and you say what i just said to you -- which is the fiscal cliff is a fantasy, it is an excuse to panic, it's a device to get all of us running down the road so we accept whatever obama wants because otherwise we have failed the fiscal cliff, and how can you be a patriot if you don't do what the fiscal cliff requires? and the fiscal...
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Dec 30, 2012
12/12
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KPIX
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what lawmakers in washington are doing to try to avoid the "fiscal cliff." ,, ,,,,,,,,,,,, fiscal cliff. the house and senate return to work tomor s reporter tara me >>> the clock is ticking as congressional leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were in the capital building today hoping to beat the deadline to the luge "fiscal cliff." >> got to get a deal? >> hope so. >> reporter: behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases january 1. it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay more. >> the president's tax hike w
what lawmakers in washington are doing to try to avoid the "fiscal cliff." ,, ,,,,,,,,,,,, fiscal cliff. the house and senate return to work tomor s reporter tara me >>> the clock is ticking as congressional leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate...
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Nov 28, 2012
11/12
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CNNW
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>> fiscal cliff. fiscal cliff. you think that's funny? fiscal cliff. debt ceiling. ybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referr
>> fiscal cliff. fiscal cliff. you think that's funny? fiscal cliff. debt ceiling. ybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as...
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Nov 17, 2012
11/12
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MSNBCW
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. >> begin negotiations about how to avoid that so-called fiscal cliff. >> fiscal cliff. >> this is the beginning of a fruitful process. >> the issue is taxes. >> only one bad word -- taxes. >> raising taxes is a very bad idea. >> raising taxes is a terrible idea. >> to show our seriousness, we put revenue on the table. >> we're prepared to put revenue on the table. >> a deadline. >> being able to work something out. >> there was a spirit of cooperation. >> tomorrow is speaker boehner's birthday. we didn't know how many candles were needed. ♪ best friend ♪ >> interrupting that was the ghost of christmas past. >> you guys are the best. thank you so much. >> mitt, 47%, romney. he is the gift that keeps on giving. >> republicans did not take kindly to mr. romney's words. >> i don't agree with the comments. >> we lost the presidency. it's time to move on. >> general petraeus finishing up testimony. >> petraeus is under fire for his affair with paula broadwell. >> she is a marathon runner. ironman triathlon. he's a man. >>> ten days after his re-election victory, new polls show president
. >> begin negotiations about how to avoid that so-called fiscal cliff. >> fiscal cliff. >> this is the beginning of a fruitful process. >> the issue is taxes. >> only one bad word -- taxes. >> raising taxes is a very bad idea. >> raising taxes is a terrible idea. >> to show our seriousness, we put revenue on the table. >> we're prepared to put revenue on the table. >> a deadline. >> being able to work something out. >>...
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Sep 22, 2012
09/12
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CNNW
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falls over the fiscal cliff. that fiscal cliff is a combination of tax increases and budget cuts that will hit at the beginning of next year unless of course congress does its job and fixes it. some of the cuts to education programs would hurt at-risk students. pell grants are safe at least for next year, but most other financial aid programs face a 8.8% cut. other programs would be cut as well, that means less money to support smaller class rooms, after school programs. programs that support research would also be scaled back. the rest of the world is moving forward. u.s. college graduate rates are among the highest in the world, but the organization for economic development said the world is catching up quickly and may surpass the u.s. the u.s. ranked 22nd out of 27 countries, and just 27% of students in the u.s. with parents who didn't graduate from high school will go on to attend college. that's worse than any other country except new zealand and canada. we're cover lg of the issues important to you this wee
falls over the fiscal cliff. that fiscal cliff is a combination of tax increases and budget cuts that will hit at the beginning of next year unless of course congress does its job and fixes it. some of the cuts to education programs would hurt at-risk students. pell grants are safe at least for next year, but most other financial aid programs face a 8.8% cut. other programs would be cut as well, that means less money to support smaller class rooms, after school programs. programs that support...
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cliff the fiscal cliff of course is the culmination of years and years of failing to take responsibility for a rogue economy that they're going to try to reconcile all at once when the entire population of america jumps off the fiscal cliff whether they do so in the next two months or six months or twelve months is irrelevant that fiscal cliff is coming the gold cliff is also coming and it's something that i think people need to be aware of that's right well actually that takes us to this next said i max gold reserves stored securely so after decades of trying the buddhist bank actually has responded to all the queries from data from large scholl from max kaiser they actually give a list of where their gold is stored and they say that despite frankfurt has one thousand and thirty six tons or thirty one percent of germany's gold the federal reserve bank of new york has one thousand five hundred thirty six tons or forty five percent.
cliff the fiscal cliff of course is the culmination of years and years of failing to take responsibility for a rogue economy that they're going to try to reconcile all at once when the entire population of america jumps off the fiscal cliff whether they do so in the next two months or six months or twelve months is irrelevant that fiscal cliff is coming the gold cliff is also coming and it's something that i think people need to be aware of that's right well actually that takes us to this next...
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Aug 23, 2012
08/12
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CNN
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fiscal cliff, fiscal cliff, fiscal cliff. the cbo, the congressional budget office out with a new formula for what happens if your elected officials don't get their acts together. and what happens is you could lose your job. no matter who is president next year, in congress doesn't act on a fiscal cliff, no matter who is president, whose policies, you will see people lose jobs. a recession next year, a big recession the beginning part of the year overall, a tough year and unemployment rate of 9%. it would improve the u.s.'s horrible debt position, yes. but at a cost of really crushing the economy next year. so that's where we stand now if congress doesn't act on the fiscal cliff. what is new about this, i haven't heard the cbo yet give an unemployment rate target. 9% is the target. >> they warned of a recession before. >> they've warned of a recession. this is a lot of pain up front. this is because congress kept punting, right, and kept not doing its job. it couldn't figure out last year in the whole debt ceiling debate. it
fiscal cliff, fiscal cliff, fiscal cliff. the cbo, the congressional budget office out with a new formula for what happens if your elected officials don't get their acts together. and what happens is you could lose your job. no matter who is president next year, in congress doesn't act on a fiscal cliff, no matter who is president, whose policies, you will see people lose jobs. a recession next year, a big recession the beginning part of the year overall, a tough year and unemployment rate of...
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Nov 14, 2012
11/12
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WTTG
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>> fiscal cliff, fiscal cliff, fiscal cliff. we are on the pressof a disaster. he needs to draw a line in the sand. i think he's already done that. when he draws that line, will it be an opening to negotiate with house republicans or really is he ready to go over the cliff with republicans? >> i think they aren't going to go over the cliff. they have legitimate disagreements in how they want to balance this off. but the president has put on the table his ideas on the tax issue. speaker john boehner has said we'll talk about this with you. they both start with strongest positions and then hopefully they can do a compromise on it. the point on this, this isn't just a short-term problem. this is a long-term problem. >> that's what i was going to ask, we've seen the can get kicked down the road. can we get to real results? real answers this time? >> the hope is what you've got is not going to solve this in the next 6 weeks. that's obvious. but should be an overall agreement. that we've got to deal with the entitlement issue. we've got to deal with cuts in the budget
>> fiscal cliff, fiscal cliff, fiscal cliff. we are on the pressof a disaster. he needs to draw a line in the sand. i think he's already done that. when he draws that line, will it be an opening to negotiate with house republicans or really is he ready to go over the cliff with republicans? >> i think they aren't going to go over the cliff. they have legitimate disagreements in how they want to balance this off. but the president has put on the table his ideas on the tax issue....
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Dec 27, 2012
12/12
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FOXNEWSW
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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Nov 9, 2012
11/12
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KRON
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. >> the fiscal cliff. the fiscal cliff. the fiscal cliff. the looming fiscal cliff. >> ♪ congress created the fiscal cliff in order to force itself to do with the growing national debt. worst-case scenario of a case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year. the pentagon's budget will be slashed by $55 billion. 10th another 55 billion will be cut from non-defense programs education full inspections, air travel safety. medicare payments to doctors will drop by 27 percent. all americans rich and poor will see their taxes rise by up to 50%. the impact on the recovering the economy everyone agrees it will be like what happens to james bond in sky fog. kron 4 news. >> we will follow the latest developments on capitol hill as the approach the fiscal clip. san jose a quick live look traffic is fine. they have rain not too long ago it may still be falling. we will find out from erica. it is chilly 47 in san warning of only 256 this afternoon. 0ñ@Ñ we are back at 4:44 am. here'
. >> the fiscal cliff. the fiscal cliff. the fiscal cliff. the looming fiscal cliff. >> ♪ congress created the fiscal cliff in order to force itself to do with the growing national debt. worst-case scenario of a case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year. the pentagon's budget will be slashed by $55 billion. 10th another 55 billion will be cut from non-defense programs education full inspections, air travel...
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Dec 31, 2012
12/12
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jimmy, let's start with the fiscal cliff. >> fiscal cliff. >> we're hearing about a strange marriage between minority leader mitch mcconnell and the vice president. why is the senate's top republican having to go to the white house for help with democrats? >> well, i mean, they have been running around saying we want the president to lead, we need the president to show leadership. john mccain just went to the show and said the president needs to show leadership. does he think the vice president's office somehow got moved away from the executive branch? i'm pretty sure the president via his vice president is leading. if that's the case, it sounds to me like they don't like what he's leading with. >> you said via. he hasn't built the relationships with members of his own party or the other party. so, yes, it makes sense that vice president biden is brought in because he still has relationships with people on the hill. >> but, susan, another issue here, and that is mcconnell having to go to biden because he's learned he can't depend on boehner to help him. >> well, i think -- >> no? stu
jimmy, let's start with the fiscal cliff. >> fiscal cliff. >> we're hearing about a strange marriage between minority leader mitch mcconnell and the vice president. why is the senate's top republican having to go to the white house for help with democrats? >> well, i mean, they have been running around saying we want the president to lead, we need the president to show leadership. john mccain just went to the show and said the president needs to show leadership. does he think...
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i want to ask you about the fiscal cliff. fiscal cliff. how worried are you? >> i'm very sorry, but i think we get a deal done. lame-duck sessions have not been good for the stock market. all we have seen, stocks have fallen, even when we have accomplishments, but i think we would get a deal done. i think we will see middle-class tax cuts extended. i think we will get that done heavily by the end of the year. that is a positive. you want to buy on that. cheryl: are you worried about the fiscal cliff? >> i am, and i'm not going to bet on either party. at think their is a lot of game play, and i don't know that anybody really understands what will happen if we do fall off the fiscal cliff. i think it just does not bode well for the taxpayer, and somebody has to put their big boy pants on, sit down at a table, and really has things out. and at this point i don't really see that happening. as a taxpayer and citizen, devoutly wish that somebody was take their career and make the3 big move. cheryl: time to put on your big boy pants. that was a good one. thanks to bo
i want to ask you about the fiscal cliff. fiscal cliff. how worried are you? >> i'm very sorry, but i think we get a deal done. lame-duck sessions have not been good for the stock market. all we have seen, stocks have fallen, even when we have accomplishments, but i think we would get a deal done. i think we will see middle-class tax cuts extended. i think we will get that done heavily by the end of the year. that is a positive. you want to buy on that. cheryl: are you worried about the...
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Dec 29, 2012
12/12
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KTVU
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avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other people, the fiscal cliff might as well be a financial guillotine. though ilea thomas searches, she's been out of work for two years picking up any odd jobs as much as she can. >> it's been discouraging. i come in here three times a week and maybe i'll go to a friend's house and use their internet to look for work. >> reporter: long term unemployment benefits have been a life send. >> i can breathe a little while i'm looking for work. even though it's not the same amount that i was getting when i was working. >> but thomas is one of 400, 400,000 californians who will not be able to get medicare payments tomorrow. >> not being able to buy groceries, not being able to put food on the table, what am i supposed to do. a
avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other people, the fiscal cliff might as well be a financial guillotine. though ilea thomas searches, she's been...
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Nov 9, 2012
11/12
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KPIX
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"fiscal cliff." >> the looming "fiscal cliff." >> the impending "fiscal cliff." >> and it's just getting started. now at 6:30, it's looming, it's impending. it's the term coined by the fed chair ben bernanke. and it's the first crisis president obama will have to tackle even before his second term gets under way. cbs 5 political reporter grace lee walks us to the precipice and looks over the edge of that "fiscal cliff." >> reporter: let me tell you it's scary and there's a reason they call it a cliff. it's designed to be drastic and painful. this is to force congress in a action. so if you are at home thinking it's not going to affect you you're wrong. if congress and the president cannot work out a deal before the end of the year, coming soon a very big dent in your wallet. >> we won't solve the problem of the fiscal balance overnight. >> compromise is not a dirty word. >> reporter: but as we have seen in the past compromise is not easu for congress since it has done nothing to solve our "fiscal cliff" problem so far and the clock is ticking. >> there's something in here for everyone to
"fiscal cliff." >> the looming "fiscal cliff." >> the impending "fiscal cliff." >> and it's just getting started. now at 6:30, it's looming, it's impending. it's the term coined by the fed chair ben bernanke. and it's the first crisis president obama will have to tackle even before his second term gets under way. cbs 5 political reporter grace lee walks us to the precipice and looks over the edge of that "fiscal cliff." >>...
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cliff the fiscal cliff of course is the culmination of years and years of failing to take responsibility for a rogue economy that they're going to try to reconcile all at once when the entire population of america jumps off the fiscal cliff whether they do so in the next two months or six months or twelve months is irrelevant that fiscal.
cliff the fiscal cliff of course is the culmination of years and years of failing to take responsibility for a rogue economy that they're going to try to reconcile all at once when the entire population of america jumps off the fiscal cliff whether they do so in the next two months or six months or twelve months is irrelevant that fiscal.
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Dec 7, 2012
12/12
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and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle class families and middle class earners the most. and so it really is -- i don't want to make this about class warfare. it's really about what is fiscally smart for the economy. most economists are telling us this tax increase will not have very much impact in terms of growth. if you talk about essentially raising taxes on 98% of americans either through some kind of crazy deduction plan or just letting the bush tax cuts go, that can have a very, very severe effect on the economy. >> as usual dr. peterson makes a superb point. president clinton used to say if you want to live like a republican,
and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle...
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Dec 6, 2012
12/12
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KPIX
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and we have this thing that "fiscal cliff," that so-called "fiscal cliff" "fiscal cliff" that we're sick of. how is that going to impact the whole job situation? >> reporter: you know, for a while it looks like it wasn't going to but in recent surveys we see that businesses are putting off investing and hiring until congress and the president finish their wrangling. i think the reason is pretty clear. uncertainty over taxes and the impact of scheduled government cuts on the economy is really making it hard for companies to plan. so instead, they are keeping their spending in a wait-and- see mode and again, that's going to persist until we get resolution. for more on the jobs report preview, go to moneywatch.com where we warn that things could get ugly in the labor market before they turn around. >> okay. jill schlesinger, editor at large for cbsmoneywatch.com, thank you. >>> i'm going to have to separate my coanchor and our weather guy because we have a quasi denver bronco fan here, she grew up there. we'll let her have that. quasi. and a huge raider fan. >> and they play tonight. huge r
and we have this thing that "fiscal cliff," that so-called "fiscal cliff" "fiscal cliff" that we're sick of. how is that going to impact the whole job situation? >> reporter: you know, for a while it looks like it wasn't going to but in recent surveys we see that businesses are putting off investing and hiring until congress and the president finish their wrangling. i think the reason is pretty clear. uncertainty over taxes and the impact of scheduled...
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Nov 9, 2012
11/12
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cliff. >> the physical plant. >> the looming fiscal cliff. , congress created the fiscal cliff to force itself with the growing national debt. worst-case scenario in case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year, the pentagon's budget will be slashed by $55 billion. a 10% from every program and another 55 billion from non-stiffens programs like education, food, inspections and non- defense-programs. medicare payments will drop to 26 by 27% to doctors and also all tax residents could see a 50% increase on tax residents. it is much like what could see on the james bond " skyfall;; catherine heenan, kron 4. >> president mohammad morrissey, and benjamin netanyahu, and david cameron of england. they say that all of these world leaders are congratulate him on a second term. president obama has the opportunity to travel to miramar-- myamar... coming up next from the jack in the box sports a tadesk [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fanc
cliff. >> the physical plant. >> the looming fiscal cliff. , congress created the fiscal cliff to force itself with the growing national debt. worst-case scenario in case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year, the pentagon's budget will be slashed by $55 billion. a 10% from every program and another 55 billion from non-stiffens programs like education, food, inspections and non- defense-programs. medicare...
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Dec 26, 2012
12/12
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CNBC
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...
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Nov 10, 2012
11/12
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KRON
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. >> the fiscal cliff. >> the fiscal cliff. >> building fiscal cliff. >> congress created the fiscal cliff to force yourself to do with the national debt is the worst- case scenario in case there is no agreement on cutting spending and raising revenue. if there is no agreement by the end of the year there will be $55 billion a/with 10 percent from each program and another $55 billion from non-defense programs. air travel safety, food safety and medical payments will drop by 27 percent. all americans, rich, poor will see their taxes rise by nearly 50%! the impact on the recovering economy everybody believes is what would have happened to james bond to jamesskyfa'sky >> catherine heenan, kron 4. >>pam: kron 4 is just i justine waldman. >> solutions to keep america from falling off the fiscal cliff are not pretty. >> it would be really hard headed if they come to an agreement. >> the president and congress allowed a kron agreement to fall over by. >> with higher unemployment, the only positive if there is a positive here is that the deficit will go down. >> if there is no agreement it w
. >> the fiscal cliff. >> the fiscal cliff. >> building fiscal cliff. >> congress created the fiscal cliff to force yourself to do with the national debt is the worst- case scenario in case there is no agreement on cutting spending and raising revenue. if there is no agreement by the end of the year there will be $55 billion a/with 10 percent from each program and another $55 billion from non-defense programs. air travel safety, food safety and medical payments will drop...
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Nov 30, 2012
11/12
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FBC
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the fiscal cliff, no game. the a-team tells us whether the president will listen or whether president will listen or whether he will get ready to anand we can save you 10% on ground shipping over the ups store. look this isn' my first christmas. these deals all seem great atthe time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? lou: you can a environmentalists to the growing list of susan rice as potenal nomination to t secretary of state. that is what she needed, little bit more o
the fiscal cliff, no game. the a-team tells us whether the president will listen or whether president will listen or whether he will get ready to anand we can save you 10% on ground shipping over the ups store. look this isn' my first christmas. these deals all seem great atthe time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. olaf gets great rewards for his small business! pizza! [ garth ]...
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Nov 18, 2012
11/12
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FBC
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gary k, the fiscal cliff is the grinch? >> unfortunately, it is, it's the most important time of the year, and the profits are mad and the problem is simple. uncertainty, uncertainty, uncertainty. nobody knows where they are and nobody knows how much money thr they're going to have to spend and the outcome is worse. higher taxes and less money in the economy and less money to buy. retail no good. but, susan, actually the national retail federation is saying we should see increase in holiday sales like 4%? >> that's right, brenda andnd i'm still staying optimistic, two really important numbers at that came out this week, the university of michigan consumer confidence survey shows that it's at the highest level since july of 2007 and additionally, the expectations for the next six months are also at the the highest level in five years, despite the uncertainty, consumers are feeling pretty good and the word out of washington today, is a lot of trying to work together. >> well, gary b, actually, i mn, do you know what it means
gary k, the fiscal cliff is the grinch? >> unfortunately, it is, it's the most important time of the year, and the profits are mad and the problem is simple. uncertainty, uncertainty, uncertainty. nobody knows where they are and nobody knows how much money thr they're going to have to spend and the outcome is worse. higher taxes and less money in the economy and less money to buy. retail no good. but, susan, actually the national retail federation is saying we should see increase in...
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Dec 1, 2012
12/12
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CNBC
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cliff really a fiscal slope. if they come to a compromise the politicians in washington, both republicans and democrats are going to reduce the size of deficit reduction dramatically. my argument will be let's go right down that fiscal slope. let's raise the revenue and make the cuts that have to be made which nobody in washington is willing to make. and let's take a big bite out of the deficit and restore confidence to our markets. >> that's going to kill the economy. this is one of the things i agree with. >> it will not kill the economy. >> if you do those tax increases it will. >> i want to make sure. this is a little different point. i hear you on the fiscal cliff, howard. i appreciate respect of you as much as i may disagree. what's really at stake here, one of the things at stake here, steve moore, is the idea that changing taxes, for example raising tax rates on capital and dividend and private equity firms and individuals and small business, that that doesn't matter. and what i'm saying is, when you see
cliff really a fiscal slope. if they come to a compromise the politicians in washington, both republicans and democrats are going to reduce the size of deficit reduction dramatically. my argument will be let's go right down that fiscal slope. let's raise the revenue and make the cuts that have to be made which nobody in washington is willing to make. and let's take a big bite out of the deficit and restore confidence to our markets. >> that's going to kill the economy. this is one of the...
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Dec 3, 2012
12/12
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going off that fiscal cliff. to this point most of the conversation has been focused on what happens in january, and for good reason. there's no deal in congress. tax rates go up for a lot of folks, all americans. and a $1.2 trillion worth of defense and spending cuts will be automatically enacted. excuse me, that fiscal cough i told you about. the alternative minimum tax kicks in and put it all together and the results are pretty. the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do willingly, make dramatic changes in taxes and spending. if those changes happen automatically,
going off that fiscal cliff. to this point most of the conversation has been focused on what happens in january, and for good reason. there's no deal in congress. tax rates go up for a lot of folks, all americans. and a $1.2 trillion worth of defense and spending cuts will be automatically enacted. excuse me, that fiscal cough i told you about. the alternative minimum tax kicks in and put it all together and the results are pretty. the economy would contract by half a percent in 2013....